Under contract

Active Under Contract

565 George Wilson Road

Boone NC, 28607

$690,000


$105.34 per sqft

Under contract

Active Under Contract

6,550 sqft

Commercial

Built in 1985

Listing Courtesy of A PLUS Realty

Commercial building offering over 6300sq.ft. on 1.90 acres with approximately 170 feet of state maintained paved road frontage with easy access to Hwy 421 and Hwy 105. Current lease in place until 2029 so this property is ideal for investors looking for absentee ownership opportunities with an estimated cap rate of around 8%. Property has been used successfully for many years as a daycare/pre-school with 8 classrooms on the main level along with a full kitchen, office, bathroom, storage and utility room. Most classrooms offer a combination of sink and/or toilet in the classroom. Second level of building offers over 1900sqft. currently divided into 2 separate suites. Suite 1 is set up as a 2BR/1BA unit with full kitchen and living area and Suite 2 is currently being used as storage but could be converted into a similar 2BR/1BA unit. Adequate paved parking is available around building. Located less than 3 miles from AppState and downtown Boone!

250020

MLS ID

June 5, 2024

Listed

November 20, 2024

Updated

Map

565 George Wilson Road
Boone NC, 28607

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Electric, Hot Water

Exterior/Building Features

Lot Size

1.9 Acres


Exterior Features

Other, See Remarks


Roof

Asphalt, Shingle


Sewer

Private Sewer

School Information

High School

Watauga


Elementary School

Hardin Park

Other Property Details

Area Name

1-Boone, Brushy Fork, New River


Taxes

$4,295


Tax Frequency

Annually


Days on Market

168


Garage

No


Parking

Paved, Parking Lot, Parking Space(s)


View

No


County

Watauga


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/20/2024

Under contract

8/8/2024

Price change

$690,000

-8%

 

The information from this search is provided by the High Country Association of REALTORS, Inc. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. This data is up-to-date as of 9:06 PM UTC 11/20/2024. For the most current information please contact Scott MacIntosh & Cody Hawkins at [email protected].

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